June 2025 is going to prove to be an important month for your financial decisions. From this month, many financial rules and new changes related to user-service are going to be implemented, which will directly affect your savings, expenses and economic schemes. Whether you use banking services regularly or are looking for investment options, information about these changes is very important for you. These new rules, which come into effect from June 1, touch many important areas from interest rates of your fixed deposits to credit card rewards, LPG cylinder prices, Aadhaar update fees and ATM Transaction Charge.
Also, there will be changes in cut-off time and UPI payment rules in mutual funds, which will be beneficial for you. Let’s know in detail the 10 major changes that will affect your financial decisions from this June.
The new EPFO 3.0 system will start from 1 June, which will make PF withdrawal, KYC updates and claim process more than ever. Now the EPF card can also be used as an ATM card.
- Possible reduction in interest rates of fixed deposits
In June, the interest rates of FD and loan by banks may change. FD rates may decrease due to the possibility of repo rate cut from RBI, such as some small banks have already reduced interest rates.
- Changes in credit card rules
Credit card rules of several banks including Kotak Mahindra will be changed from June 1. The limit of reward points may be fixed, the penalty may decrease when auto-debit failure, and some payments may also be charged extra charge.
- LPG cylinder prices reshuffle
LPG cylinder prices are reviewed on the first date of every month. On June 1, domestic and commercial gas prices may increase or decrease, which will affect your kitchen budget.
- ATM Transaction Charge likely to increase
From June, the fee charged after the limit of free ATM transaction may increase. These changes may be expensive to those who withdraw cash.
- New cut-off time for mutual funds
SEBI has set a new time for transactions of mutual funds. Now offline orders will be valid till 3 pm and online orders will be valid only by 7 pm. After this, orders made will be processed on the next working day.
- Last date for Aadhaar update free facility
Aadhaar update will be free by 14 June 2025. After this, there will be a fee of ₹ 25 on online updates and ₹ 50 at the center. Therefore, make the necessary updates as soon as possible.
- Upi The name of the real receiver will now be seen in the payment
Under the new NPCI rule, the real banking name of the receiver will be seen while making UPI payment, not the QR code or edited name. This change must be implemented in all UPI apps by 30 June.
- Banks will remain in June 12 Day closed
This month, a total of 12 banks will be closed by the RBI, including Sunday and the second-fourth Saturdays. Festivals like Bakrid are also involved in this, so do banking planning in advance.
- Credit card additional charge on utility bill payment
Some banks have indicated that from June to pay an additional fee or cashback rules can be replaced by paying a utility bill such as electricity, water like electricity, water.
LPG Price Cut: Gas cylinder cheaper from June 1, price reduced by Rs 24